Post Utme Rsu 2017 Accounting Question 20
Practice objective / multiple choice question 20 from the 2017 Post Utme Rsu Accounting examination.
A company uses the self-balancing ledger system to record its financial transactions. The company has a self-balancing ledger for its accounts payable. The journal entry for the payment of accounts payable is as follows: Debit: Accounts Payable ₦50,000, Credit: Cash ₦50,000. What is the effect of this transaction on the company's financial position?
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About This Question
This is Post Utme Rsu 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.
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